As part of an effort to reshape rules around debt and lending to reduce racial wealth inequality, we propose establishing a public credit registry to gradually replace the current for-profit credit reporting system.
“There are massive benefits to institutions, to students themselves in the long term in being more diverse and having a set of students from different backgrounds.”
A conversation on antitrust law as guardrails on capitalism at Bold v Old in Washington DC. The conversation includes an overview of the history of anti-trust law, why and how anti-trust law became broken, and more.
The marquee bill, which features improvements to voting, campaign finance, and ethics laws, addresses the deep political, racial, and economic inequalities that plague our democracy.
Loans may be one solution for helping students afford college and increase achievement, but grants that don't have to be repaid is another. The researchers are working on a new study that examines the academic effects of federal loans versus grant aid and agree that the effects of the federal Pell Grant may be stronger on academic performance, Marx said.
If the goal is to resegregate higher education, the efforts have largely worked. Amid budget cuts and attacks on affirmative action, elite public colleges are enrolling fewer black students than they were a generation ago.
The poll results indicate that politics may soon catch up to the reality borrowers are facing, said Mark Huelsman, the associate director of policy and research at Demos, a left-leaning think tank.
“It’s a sign of the increasing anxiety that voters and families are feeling about their own debt or their children going into to debt or them going into debt for their children,” he said.
Yesterday, the U.S. House of Representatives voted on a package of rules that include a “pay-as-you-go” or “PAYGO” provision, which mandates that new spending be offset by matching cuts or increases in revenue. Demos supports efforts to eliminate PAYGO requirements in federal law.
This report was completed in collaboration with the Advancement Project, Asian & Pacific Islander American Health Forum, Demos, Faith in Action, National Association for the Advancement of Colored People, National Congress of American Indians, National Urban League, Race Forward, and UnidosUS. These groups are a collaborative of leading national racial-equity organizations supported by the W.K. Kellogg Foundation.
Experian Boost comes with downsides for consumers, according to Amy Traub, associate director of research at the public policy group, Demos. She said lenders will be able to use the data they glean from consumer bank accounts in ways the public may not understand.
"It also allows them to make marketing decisions: who to promote which products to, how to get us hooked on the products that are most profitable and lucrative for the lender, " said Traub.
As Mark Huelsman, a policy analyst at Demos, an advocacy group tweeted: "the average family inheritance to a white college grad can pay off the average undergrad debt balance and have enough left over for a 20 percent down [payment] on a $575,000 home." That’s assuming the inheritor has student debt to begin with.
Demos strongly urges the Department of Homeland Security to withdraw the proposed rule to radically enlarge the list of criteria that will be used to decide whether an immigrant is likely to become a “public charge.”
Facebook’s decision to hire a right-wing consulting firm to plant false stories about Color of Change and others who dared to call out Facebook was a nefarious smokescreen to save themselves from well-deserved criticism about the online platform and its business practices.